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Missed Rx Price Hikes Will Be Skipped By Manufacturers, McKesson Says

This article was originally published in The Pink Sheet Daily

Executive Summary

Manufacturer price increases that were anticipated for the July quarter likely will be skipped altogether, McKesson CEO John Hammergren said

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"Manufacturers have lost track of the real value" wholesalers add to the channel, CEO Yost says. McKesson and Cardinal may also offer transparency in fee-for-service negotiations, Yost speculates.

McKesson To Pay $960 Mil. To Settle Most Of HBOC Litigation

McKesson also reserves $240 mil. for additional settlements, for a total negative impact of $1.2 bil. The company will take the charge in the third quarter (ended Dec. 31), which already was going to be worse than originally expected.

McKesson To Pay $960 Mil. To Settle Most Of HBOC Litigation

McKesson also reserves $240 mil. for additional settlements, for a total negative impact of $1.2 bil. The company will take the charge in the third quarter (ended Dec. 31), which already was going to be worse than originally expected.

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